The 36-month beta value for SURG is also noteworthy at 1.36. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for SURG is 13.74M, and at present, short sellers hold a 2.86% of that float. The average trading volume of SURG on November 21, 2024 was 155.43K shares.
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SURG) stock’s latest price update
Surgepays Inc (NASDAQ: SURG)’s stock price has gone decline by -6.41 in comparison to its previous close of 1.56, however, the company has experienced a -14.62% decrease in its stock price over the last five trading days. zacks.com reported 2024-11-12 that SurgePays, Inc. (SURG) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.49 per share a year ago.
SURG’s Market Performance
SURG’s stock has fallen by -14.62% in the past week, with a monthly drop of -20.65% and a quarterly drop of -22.96%. The volatility ratio for the week is 8.91% while the volatility levels for the last 30 days are 8.72% for Surgepays Inc The simple moving average for the past 20 days is -10.39% for SURG’s stock, with a -57.00% simple moving average for the past 200 days.
SURG Trading at -14.14% from the 50-Day Moving Average
After a stumble in the market that brought SURG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.18% of loss for the given period.
Volatility was left at 8.72%, however, over the last 30 days, the volatility rate increased by 8.91%, as shares sank -17.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.35% lower at present.
During the last 5 trading sessions, SURG fell by -14.62%, which changed the moving average for the period of 200-days by -82.02% in comparison to the 20-day moving average, which settled at $1.6293. In addition, Surgepays Inc saw -77.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SURG starting from Schurfeld Richard Earl, who purchase 3,500 shares at the price of $1.60 back on Nov 15 ’24. After this action, Schurfeld Richard Earl now owns 47,501 shares of Surgepays Inc, valued at $5,593 using the latest closing price.
Evers Anthony George, the Chief Financial Officer of Surgepays Inc, sale 36,667 shares at $1.60 during a trade that took place back on Nov 01 ’24, which means that Evers Anthony George is holding 251,590 shares at $58,667 based on the most recent closing price.
Stock Fundamentals for SURG
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.05 for the gross margin
The net margin for Surgepays Inc stands at -0.27. The total capital return value is set at -0.62. Equity return is now at value -80.54, with -54.04 for asset returns.
Based on Surgepays Inc (SURG), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -2.59. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -47.04.
Currently, EBITDA for the company is 20.08 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 55.22for trailing twelve months and the total asset turnover is 2.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.24.
Conclusion
In summary, Surgepays Inc (SURG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
